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Smart people set their goals the SMART way

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Photo by  Mihai Lazăr  on  Unsplash As life is a constant journey towards betterment, you wish to be in a better position in the course of time. A goal speaks about where you want to be as the time goes by. Hence you need to set a goal for every area of improvement you have felt. A well-stated goal gives you motivation to work towards its realization. While all of us have goals, many times they remain as vague idea at the back of mind. You think about what you want to achieve, but not in concrete terms. Rather, a clearly stated goal alone can boost your energy and drive you along the course of action. Smart people have clear cut goals at the top of their mind and are energized by them, because they have put each goal in black and white in SMART way. SMART is an acronym that should remind you of how your goal statement should be: S-Smart, M-measurable, A-attainable, R-Relevant, and T-Time bound. Let us analyze these characteristics of an ideal ...

SWOT analysis helps you achieve the goals fast

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SWOT Analysis You have clear goals to achieve. What next? Before deciding your route-map to reach the goals, you need to understand where you stand now. In other words, you need to have a fair idea how well you are positioned to achieve those goals. For example, if you have a goal of increasing your wealth by two times in the next five years, you need to plan actions towards achieving it. Planning actions requires knowledge of whether you have sufficient resources to reach the goal (strengths), what limitations you have (weaknesses), what hurdles you might face in reaching goals (threats), and what outside support you are going to leverage upon (opportunities). You have the tool of SWOT analysis to help you in knowing them. The SWOT matrix has four quadrants as shown in the below template. Strengths and weaknesses lie in you whereas the opportunities and strengths lie outside you. You need to list strengths, weaknesses, opportunities, and threats in respective quadrants. Th...